It's impossible to have not noticed the heavily shorted stock BBBY has soared in the past five trading days.
Well more bad news for the Shorts on opening this morning as BBBY has been added to the Regulation SHO Threshold Security List (Nasdaq).
Regulation SHO is a set of rules that SEC implemented to regulate short sale practices. Regulation SHO established “locate” and “close-out” requirements aimed at curtailing naked short selling and other practices.
In short.., it's more difficult for Shorts to Short (though not impossible).
This will undoubtedly been seen as bullish news and could continue BBBYs uptrend.
Source:
http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold
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